Which of the following statement(s) is true?

(a) All state legislatures acted to create corporations.
(b) The federal government created the federal incorporated entities when it established the First (1791–1811) and Second (1816–1836) Banks of the United States.
(c) All federal, state and local governments possessed the right to create corporations.
(d) All of the above are true.

(b)

Economics

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